The State Bank of India (SBI) has reintroduced its special tenor ‘444 days’ fixed deposit ‘Amrit Vrishti’ from today, April 15, 2025.
This FD was launched first on July 15, 2024, and extended several times later to end finally on March 31, 2025. However, the bank has reintroduced it again effective today, where seniors can avail of a maximum of 7.55 per cent, the highest interest rate of all SBI FDs available.
For super senior citizens, the rate of interest on this FD is 7.65 per cent.
According to the bank’s website, “The specific tenor scheme of “444 days” (Amrit Vrishti) at Rate of Interest 7.05 % is effective from 15th April 2025 and Senior Citizens are offered a Rate of interest 7.55%. Super Senior Citizens are offered a Rate of Interest 7.65%".
Earlier, this FD offered higher interest rates, 7.25 per cent to the general public and 7.75 per cent to seniors. At the time, the bank’s circular read, “In order to give a boost to deposit mobilisation efforts in the retail segment, it has been decided to introduce a new retail term deposit scheme for a specific tenor with the added benefit in terms of rate of interest”.
Rate Cut In Amrit Vrishti
Now the FD has been reintroduced at a 20 basis point (0.20 per cent) lower interest rate, reduced from 7.75 per cent to 7.55 per cent for seniors.
However, this is not the only FD for which the bank has reduced rates. The rates for a few other FD tenures have also been reduced effective today.
The reduction in rate can be seen as a measure to align with the changed repo rate. The bank has reduced the lending rates as well, to pass on the rate change effect to people.
Rate Cut In Other FDs
The bank has reduced interest rates for:
1 year to less than 2 years – 7.20 per cent (earlier, the rate was 7.30 per cent)
2 years to less than 3 years – 7.40 per cent (earlier, the rate was 7.50 per cent)
Revised FD Rates Effective April 15, 2025:
Here are the details of all its FD tenures for seniors:
4.00 per cent for 7 days to 45 days
6.00 per cent for 46 days to 179 days
6.75 per cent for 180 days to 210 days
7.00 per cent for 211 days to less than 1 year
7.20 per cent for one year to less than two years
7.40 per cent for two years to less than three years
7.25 per cent for three years to less than five years
7.50 per cent for five years and up to 10 years
As of now, the bank has not given a last date for applying for this FD.
